Minimum GAAP Net Worth. Permit GAAP Net Worth of the Company (and its Subsidiaries, on a consolidated basis) to be less than SIXTY MILLION AND NO/100 DOLLARS ($60,000,000.00), computed as of the end of each calendar month.
Minimum GAAP Net Worth. Vesta will not permit its consolidated net worth, as calculated in accordance with GAAP, to be less than $225 million.
Minimum GAAP Net Worth. Holding will not permit its GAAP Net Worth ---------------------- as of the last day of any fiscal quarter to be less than the sum of (1) $7,000,000, plus (2) fifty percent (50%) of (A) the cash proceeds of any sale or issuance of equity securities of any Borrower (or of any options, warrants or rights in respect of any such equity securities) which issuance takes place after the date of this Agreement, plus (B) cumulative after-tax earnings earned after the date hereof less cumulative dividends paid after the date of this Agreement.
Minimum GAAP Net Worth. Borrower's GAAP Net Worth shall not be less than THE SUM OF (A) GAAP NET WORTH as reflected in the most recent financial statements delivered to Bank pursuant to SECTION 6.2(A), PLUS (B) EIGHTY PERCENT ( 80%) OF EACH SUBSEQUENT FISCAL QUARTERS POSITIVE NET INCOME on a CUMULATIVE basis since the report referenced in (A), PLUS (C) ONE HUNDRED PERCENT (100%) of all CONTRIBUTIONS to stockholders' equity of Borrower since the end of the preceding fiscal year after subtracting all fees and costs directly incurred in conjunction with such contribution.
Minimum GAAP Net Worth. The Company will not permit its GAAP Net Worth as of the last day of any fiscal quarter to be less than the sum of (1) $7,000,000, plus (2) fifty percent (50%) of (A) the cash proceeds of any sale or issuance of equity securities of the Company or any Subsidiary of the Company (or of any options, warrants or rights in respect of any such equity securities) which issuance takes place after the initial Closing Date, plus (B)
Minimum GAAP Net Worth. Borrower will not permit its consolidated net worth, as calculated in accordance with GAAP, to be less than $208 million.
Minimum GAAP Net Worth. At any time, permit GAAP Net Worth of the Borrower to be less than $3,500,000.
Minimum GAAP Net Worth. Borrower agrees to maintain a minimum GAAP Net Worth of $2,500,000 exclusive of amounts due to or due from Affiliates.
Minimum GAAP Net Worth. Permit the GAAP Net Worth of the Company (and their Subsidiaries, on a consolidated basis) to be less than FORTY-FIVE MILLION AND NO/100 DOLLARS ($45,000,000.00), computed as of the end of each calendar month."
(e) Section 7.8 of the Credit Agreement is deleted in its entirety, and the following is substituted therefor:
Minimum GAAP Net Worth. The Servicer, so long as the Servicer and one of the Originators are the same entity, and the Originators shall not permit their GAAP Net Worth, on a combined basis, at any time to be less than $130,000,000.
